Commercial Real Estate
Commercial real estate is another indicator that gives into a regional economy’s health and activity. When the economy is in expansion and companies expect to do well, vacancy rates fall and rents rise. Conversely rents fall and vacancies increase when the economy is in a recession. Construction of commercial real estate can reflect that firms are planning for future growth. We were only able to obtain commercial real estate data for Stanislaus and San Joaquin Counties due to market size.
This indicator was obtained from the office and industrial market reports published by Colliers International for the Stockton and Modesto areas. Data is unavailable in Merced due to the size of the market.